Your cart is currently empty!
July 12, 2024
Oil sands full cycle cost by category showing the average compared to in situ and mining operations.
Over the past decade exit pipeline capacity from Alberta has become tight. There has been limited number Greenfield expansion projects in the Alberta.
Overall, full-cycle cost for Oil Sands has averaged US$42.70/Bbl.
Driven by both higher CAPEX and OPEX costs, new mining projects are more expensive averaging US$51.50/Bbl.
New in situ projects are averaging US$33.90/Bbl.
* 15% Rate of return has been incorporated into the overall capital cost
See Also:
Western Canada Resource Cost Curve
Oil Sands Half Cycle Costs (In Situ vs Mining)